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Accounting

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Accounting is about recording how money is spent and financial management is about controlling how money is spent. Financial management requires an understanding of accounting records in order to exert better control.

In this module, you will learn some basics of accounting records and then you will learn how to analyse these records and make decisions accordingly.

A lot of people find ‘numbers’ daunting simply because they do not have the accounting background in order to understand how the numbers got there in the first place.

This section will take you through the basics of how accountants actually create financial reports, which include things like a Balance Sheet, Income Statement and Cash Flow Statement.

Click on the link/s below to open the resources.

Glossary of Accounting Terms